Business Expense

Universal Benefit Account

FRINGE

Reimbursement made easy

Employers can create and design business-related expense accounts to fit their specific needs and TASC makes it easy to track and reimburse what you determine to be eligible costs.

Professional Expense Account

Employer reimburses participant for professional business-related expenses. Expenses are determined by employer and typically include continuing education, professional dues, and licensing fees.

Participant Benefits

TAX ADVANTAGED

Employer Benefits

Home Office Account

The employer reimburses remote participants for home office supplies, with eligible expenses determined by the employer. These typically include items such as computers, printers, internet service, printer paper, ink cartridges, markers, and pens.

Participant Benefits

TAX ADVANTAGED

Employer Benefits

Work Clothes Account

Employers reimburse participant for work clothes required for employment. Expenses are determined by employer, and typically include uniforms, safety shoes/boots, glasses, and gloves.

Participant Benefits

TAX ADVANTAGED

Employer Benefits

Workplace Tools Account

Employers reimburse participant for tools required for employment and owned by participant. Expenses are determined by employer, and typically includes tools required for the job, that the employee owns.

Participant Benefits

TAX ADVANTAGED

Employer Benefits

Travel & Business Meals Account

Employers reimburse participant for travel and meal expenses related to employment. Expenses are determined by employer and typically include air, train, bus, car, and taxi transportation, plus lodging and meals.

Participant Benefits

TAX ADVANTAGED

Employer Benefits

Employee Award Account

Employer provides an incentive program to encourage specific achievements of employees. Participants are rewarded for specific achievements with funds that can be used for anything.

Participant Benefits

Employer Benefits

Why TASC Business Expense Benefits?

Empower
& retain

These benefits demonstrate a company’s commitment to its employees’ well-being and success and shows that it values the comfort and professional development of its workforce.

Overall, these benefits not only alleviate financial stress but also encourage continuous professional development and foster a supportive work environment, making them crucial for both employee welfare and organizational success.

Attract & Retain

Employees likely to stay longer with a company that invests in their professional growth and provides substantial resources for work-related expenses.

UpSkill Workforce

These benefits directly contribute to the growth of your employees by developing new skills, which in turn supports your company in achieving its organizational goals.

Grow Confidently

By providing the necessary tools, attire, and learning opportunities, employees are well-prepared to excel in their roles, leading to increased productivity.

Frequently Asked Questions

What expenses are eligible for reimbursement?

Eligible expenses typically include work clothes, home office supplies, workplace tools, travel and business meals, professional development, and employee achievement rewards. TASC Plan Advisors can support clients plan setup, including eligible expenses, to ensure employees have the necessary resources to perform their jobs effectively.

Can participants use their TASC debit card for business expense accounts?

Yes! The TASC Card is a pre-paid debit card that can be used anywhere Mastercard is accepted. This smart card knows when to use benefit funds (for eligible expenses) and when to use reimbursement funds (any other purchases).

What are the tax implications for employers offering business expense accounts?

Many business expense benefits are tax-deductible for employers, reducing overall taxable income. However, it’s important to comply with IRS regulations to ensure the benefits are correctly categorized and documented.